primary commodity

Frequency: 7.210.5 per million words

Refers to goods that are available from cultivating raw materials without a manufacturing process.

commodityADJECTIVE + commodity

Categories:

primary

Examples (10)

  • The country's economy heavily relies on the export of a single primary commodity: coffee.
  • Many developing nations export primary commodities like crude oil, cotton, and rubber.
  • The price of a primary commodity can be very volatile on the global market.
  • Historically, sugar was the most valuable primary commodity traded by the empire.
  • Analysts predict that the demand for this primary commodity will increase next year.
  • Diversifying away from dependence on a single primary commodity is a key goal for sustainable development.
  • Copper, a key primary commodity, is essential for the electronics industry.
  • A severe drought affected the production of their main primary commodity, cocoa beans.
  • The trade agreement lowered tariffs on several primary commodities, including timber and raw minerals.
  • To what extent does a nation's wealth depend on its most abundant primary commodity?